It is a time-bound and targeted intervention launched by the Union government aimed at supporting Indian exporters affected by extraordinary freight escalation, heightened insurance premiums, and war-related export risks arising from disruptions in the Gulf and wider West Asia maritime corridor.

Need To Know

• The Export Credit Guarantee Corporation of India (ECGC) is the nodal implementing agency for the risk coverage and reimbursement mechanism.
• RELIEF covers both eligible past shipments and prospective exports, with a strong focus on MSME support.
• The intervention will be funded under the Export Promotion Mission (EPM) and reviewed periodically based on geopolitical developments.

Source: The Hindu